The phrase often implies how others view someone based on their friends.

Social Judgment

This definition can be used in positive contexts unlike the other one.

Neutral or Positive

It suggests that the friends one chooses reflect their own values or character.

The phrase often leads to negative assumptions about someone's behavior or character.

It can serve as a warning about the influence of one's social circle.

Elders or mentors may use this phrase when giving advice about choosing friends wisely.